What Country Has the World's Largest Economy?
File this under "Another China supassing the U.S. statistic"...
It's possible that in the next two years, China may overtake the U.S. as the world’s largest economy (depending on how you analyze the two countries' respective positions).
The U.S. has a nearly $15 trillion annual output, which dwarfs China's $5.0 trillion economy.
However, according to The Conference Board, if one considers purchasing-power parity (PPP), (which takes into account the goods and services a country’s currency actually buys at home), the trend of China's real purchasing power measured against a slowing U.S. economy suggests that China could have a larger economy than the U.S. by 2012.
Related recent Blogs
- ITC made the right call on hot-rolled steel imports • by mmcmullan • 12/18/2013
- WE ARE ... made in Pennsylvania • by TGarland • 12/18/2013
- ITC Rules in Favor of America's Steel Industry: Alliance for American Manufacturing (AAM) Statement • by scapozzola • 12/17/2013
- AAM photo caption contest: What are Obama and his trade team talking about? • by mmcmullan • 12/17/2013
- New report shows manufacturing is rebounding, but could use a legislative leg up • by LDonia • 12/17/2013
- ITC ruling on hot-rolled steel products coming today • by mmcmullan • 12/17/2013
- Don't worry, Peter Beinart, we care about rising U.S.-China tension • by mmcmullan • 12/16/2013
- QOTD: President Obama speaking to newly elected mayors • by LDonia • 12/13/2013
- Clean energy manufacturing gets help from DOE • by TGarland • 12/12/2013
- John Porcari, DOT Buy America champion, is stepping down • by mmcmullan • 12/12/2013